Thursday, 31 March 2011

Today, Devgen nv placed 4,584,549 new shares in a private placement with pre-identified investors for a total amount of ? 26,819,611. The shares were placed at a price of ? 5.85 per share, which is at least equal to the 30 day average price, in compliance with Belgian Company Law.

The shares are expected to be paid and issued on April 4, 2011 (in the absence of unforeseen circumstances). 1,945,613 shares will be listed immediately. The Company will apply for the admission to list the remainder 2,638,936 shares on NYSE Euronext Brussels on the basis of a listing prospectus. As a result of this transaction, the total amount of outstanding shares increases with 23.3 % from 19,676,642 to 24,261,191. (full story)

It is being jointly organized with the Trade Office of our Embassy since we shall bid farewell at this occasion to the students of the INISOL Solvay Business School who have stayed with us in Indonesia for the past weeks.

Saturday, 19 March 2011

The Bakrie family, one of the richest families in Indonesia, is reported to plan expansion of its football interests in Europe. A spokesman for the influential family confirmed that it was in talks with a professional club in Belgium. Iman Arif : “We’re looking to Belgium because it’s one of the European countries that has flexible immigration rules. We’re still undecided on whether we will buy a majority stake or not.”

It was not specified which Belgian club was the focus of attention. It is suggested that it could be Anderlecht, winner of 30 championships and the Belgium’s most successful club.

The involvement would not primarily be to make money. “We want to give Indonesian players a chance to play in the best leagues, such as England and maybe Belgium. We want to help football development in the country,” said Iman. He is also the deputy chairman for technical affairs at the Indonesian Football Association’s (PSSI) National Team Body (BTN).

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